Generalize
Information
Information
What is the project about?
zkSwap is an Automated Market Maker (AMM) that provides traders with greater control over the price ranges they provide liquidity to, enabling a more efficient trading experience.
What makes your project unique?
zkSwap provides the infrastructure for creating and managing concentrated liquidity pools, which increases the capital efficiency for trading and liquidity provisioning compared to classical AMMs that utilize constant product formula. It leverages concentrated liquidity to improve capital efficiency and offers flexible fee structures, auto-compounding fees, and farming rewards.
History of your project.
zkSwap is a relatively new project. It started out on zkSync Era Testnet and launched a testnet feedback campaign for the users. Upon receiving overwhelmingly positive feedback, zkSwap launched and sold $ZKSP tokens in a private and a public sale. After a successful sale and testnet phase, zkSwap has deployed liquidity to a partner DEX for users to be able to trade right away. The next step is to launch zkSwap on zkSync Era mainnet.
Whats next for your project?
Firstly, zkSwap will be audited and deployed on the mainnet. Although the source code is already professionally audited, the zkSwap team is still insistent on another round of audit before the mainnet launch to ensure the safety of their users.
Alongside the mainnet launch, zkSwap will be looking for new partnerships to cement its position in the zkSync Era ecosystem and increase its TVL. zkSwap will offer liquidity mining rewards and will look into adding more features.
What can your token be used for?
Initially, the token will be used for:
- Bootstrapping initial liquidity and promoting the usage of the protocol
- Governance token within the zkSwap Protocol to decide about important protocol parameters
zkSwap team is considering adding more utility to the token in the future.
Answers
What is the project about?
zkSwap is an Automated Market Maker (AMM) that provides traders with greater control over the price ranges they provide liquidity to, enabling a more efficient trading experience.
What makes your project unique?
zkSwap provides the infrastructure for creating and managing concentrated liquidity pools, which increases the capital efficiency for trading and liquidity provisioning compared to classical AMMs that utilize constant product formula. It leverages concentrated liquidity to improve capital efficiency and offers flexible fee structures, auto-compounding fees, and farming rewards.
Whats next for your project?
Firstly, zkSwap will be audited and deployed on mainnet. Although the source code is already professionally audited, zkSwap team is still insistent on another round of audit before mainnet launch to ensure the safety of their users.
Alongside with mainnet launch, zkSwap will be looking for new partnerships to cement its position in zkSync Era ecosystem and increase its TVL. zkSwap will offer liquidity mining rewards and will look into adding more features.
What can your token be used for?
Initially token will be used for:
- Bootstrapping initial liquidity and promoting the usage of the protocol
- Governance token within the zkSwap Protocol to decide about important protocol parameters
zkSwap team is considering adding more utility to the token in the future.
Coin ranking
Popular Q&A
- Can you explain how zkspace enhances the security and privacy of cryptocurrency transactions?2021-11-28
- Can you explain the advantages of utilizing zkspace in the cryptocurrency industry? How does zkspace contribute to the growth and development of the cryptocurrency industry?2021-11-28
- Can you explain the reasons why zkspace is considered a reliable and trustworthy platform for managing digital assets?2021-11-28